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Hedge funds outperformed equities and bonds on a risk-adjusted basis in 2016, producing net gains for their investors worth around USD120 billion, according to the Alternative Investment Management Association (AIMA) and data provider Preqin. Hedge funds’ risk-adjusted return, as measured by the Sharpe ratio, was 1.45 for the year, ahead of the S&P 500 (1.1), MSCI World (0.68) and Barclays Global Aggregate (0.20) indices, according to AIMA and Preqin.   The analysis, based on a database of more than 3,000 funds, found that hedge funds also outperformed stocks and bonds on a risk-adjusted basis over three years and five years.
Hedge funds were up 1.22 per cent in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index ended 2016 with a gain of 6.20 per cent.   All but one of Barclay’s 17 hedge fund indices gained ground in December. The European Equities Index led the way with a 1.96 per cent gain, Global Macro gained 1.87 per cent, Distressed Securities gained 1.86 per cent, the Event Driven Index was up 1.70 per cent, and Equity Long Bias added 1.54 per cent.   “The ‘Trump bump’ in the US and positive economic news in Europe continued
International investors will be able to access the domestic Chilean capital markets with increased ease as of 1 February 2017, following close cooperation between the Chilean Ministry of Finance and Euroclear to align the country’s post-trade processes with international standards. For the first time, Republic of Chile government bonds, denominated and payable in pesos have simultaneously been made available to domestic and international investors, in accordance with the financial integration agenda promoted by the Chilean government.   The government bonds offered and sold to international investors representing approximately 20 per cent of the global issuance, were settled through Euroclear Bank’s
Professional Partners Administration has reached an agreement to sell its authorised corporate director (ACD) operation, Fund Partners, to independent Luxembourg-based fund management company FundRock Management Company. Subject to regulatory approval and final contract details, the two parties hope the agreement will be signed and sealed within the next two to three months.   Professional Partners chairman Paul Wilcox says: “We acquired Fund Partners from IFDS a few years ago, where it operated more or less as a service company for fund managers using their administration services.   “We have worked hard on turning it into the UK’s leading independent ACD
Visible Alpha has acquired ONEaccess, a corporate access, resource tracking and broker valuation platform with more than 185 contributing sell-side firms and 150 buy-side client firms. The purchase of ONEaccess will enable Visible Alpha to accelerate its goal of changing the way investment professionals uncover and measure insights from sell-side content, including research, financial models and corporate access.   Since its inception in 2014, ONEaccess has been fostering improved collaboration between brokers and their clients. Its sell-side solutions have brought greater efficiencies and transparency to the distribution, control, and reporting of broker content. Through a single access point, sell-side clients can
Saxo Bank is integrating Autochartist’s tools into SaxoTraderGO, enabling clients to trade based on automated technical analysis and live trade signals across asset classes. “With the deep integration of Autochartist we further enhance the analysis tools available to clients. There is no need to open other browsers, run applications or third-party setups. The deep integration works seamlessly across devices and makes technical analysis and live trade signals actionable right at the clients’ fingertips,” says Kim Cramer Larsson (pictured), platform manager and technical analyst, Saxo Bank.   Ilan Azbel, CEO, Autochartist, says: “Saxo’s collaboration with Autochartist is an example of how
Garry Jones, the London Metal Exchanges’ (LME) chief executive and an executive director of the LME and LME Clear (LMEC), is retiring from all his positions within the HKEX Group, including at the LME and LMEC, with immediate effect. Jones (pictured) has agreed to serve as an adviser to the LME until the end of the year.   Matthew Chamberlain, the LME’s chief operating officer (COO), has been appointed interim chief executive of the LME with immediate effect. Andrew Dodsworth, the LME’s head of market operations, has been appointed Interim COO with immediate effect.   Chamberlain joined the LME in November
Silverfinch, a look-through and data distribution hub for client regulatory reporting, has launched new templates to its data model in response to the upcoming Key Information Document (KID) regulation for Packaged Retail Investment and Insurance Products (PRIIPs). Both the European PRIIPs Template (EPT) and the Comfort European PRIIPs Templates (CEPT) have been added to Silverfinch’s solution.   Each template has been designed to facilitate the distribution and aggregation of the data required by PRIIPs on behalf of asset managers and insurers. The templates can be used in conjunction with Silverfinch’s existing Solvency II template and will be delivered in the
Capita Asset Services has appointed Andrea Lennon as head of business development of its Irish funds business. Lennon (pictured) joins Capita Asset Services from BNY Mellon, where she spent the last eight years working in both relationship and business development roles. Lennon was responsible for the oversight and management of large complex corporate and institutional clients and had responsibility to generate revenue by marketing the full array of investment and asset services to complex mutual fund managers.   As head of business development, Lennon will focus on continuing to grow the funds business in Ireland which incorporates both a fund administration business
Commissioner J Christopher Giancarlo has been named as acting chairman of the US Commodity Futures Trading Commission (CFTC). Giancarlo (pictured) joined the CFTC on 16 June 2014 after being unanimously confirmed by the US Senate on 3 June 2014, to serve as a commissioner of the CFTC, the federal agency that oversees the commodity futures, options and swaps industry.   Giancarlo succeeds Timothy Massad who has served as chairman since 5 June 2014.

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